Mixed-Use Building with
For Sale
$1,650,000
4175 3rd Avenue, Bronx, NY 10457
Income-producing configuration with apartments, storefronts, updated entry doors, and refreshed common areas.
Property Size7,124 SF
Days on Market111
Property Features for 4175 3rd Avenue
General Information
Standard status
Active
Size
7,124 SF
Property subtype
Multi Family
Units
Unit Mix
2 x Studio, 6 x 3BR
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$10,147
Amenities
16 camera system
Building Details
Building Size
7,124 SF
Year Built
1931
Buildings
1
Tenancy
Multi
Listing Agency:
Citi Zone Realty LLC
(718) 482-7100
Listed By:
Mario Tsikis CBR
Source:
Serhant
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 10 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Citi Zone Realty LLC
Investment Insights
Based on property information with market context.
Built in 1931, this mixed-use property combines eight apartments with two storefronts. The residential component includes two studio apartments and six three-bedroom apartments, creating a varied unit mix within the building. The property also features new entryway doors, freshly painted common areas and doors, and a 16-camera security system. The roof was resealed last year, adding a recent building improvement to the physical profile. The asset is located at 4175 3rd Avenue in the Bronx, New York, and faces Tremont Park.
Key Highlights
- Eight apartments and two storefronts in one mixed‑use building
- Residential mix includes 2 studio apartments and 6 three‑bedroom apartments
- Roof resealed last year
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$149,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,999,260
$3.0M
Cap Rate 7%
$2,142,329
$2.1M
Cap Rate 9%
$1,666,256
$1.7M
Market Conditions
NOI Build-Up for 7,124 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$239.4K $33.60/SF
− Vacancy
−$25.1K −$3.53/SF
EGI
$214.2K $30.07/SF
− OpEx
−$64.3K −$9.02/SF
NOI
$150.0K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,999,260
Cap Rate 7%
$2,142,329
Cap Rate 9%
$1,666,256
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $163,878 @ 7.0% cap · market cap 9.93%
Second Best
Retail
$2.14M
$1.87M – $2.50M
NOI $149,963 @ 7.0% cap · market cap 9.09%
Theoretical Best
Warehouse
$4.94M
$4.32M – $5.76M
NOI $345,550 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing configuration with apartments, storefronts, updated entry doors, and refreshed common areas.
Where is this mixed-use property located?
The property is located at 4175 3rd Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Eight apartments and two storefronts in one mixed‑use building; Residential mix includes 2 studio apartments and 6 three‑bedroom apartments; Roof resealed last year
